Plan Ledger DOL Form 5500 · updated monthly

Liberty Federal Credit Union401(k)

LIBERTY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST · EVANSVILLE, IN · plan year 2024

Reported admin expense ratio · 2024
0.35%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Liberty Federal Credit Union reported $160,803 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $3,635 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.31% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 292nd-largest of 1,562 plans among Indiana employers on file, and the 1,673rd of 4,798 in finance & insurance. In 2024, employees put in $1.16 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$49,837,116
Participants with balances689
Active participants603
Employer contributions$2,192,149
Employee contributions$2,552,218
Employer contribution per active participant$3,635
Average account balance$72,333
Benefits paid to participants$3,883,924
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$49.8M · 689 accts · $2.2M emplr
2023$42.6M · 683 accts · $2.1M emplr
2022$34.4M · 637 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$117,224
Investment management$43,579
Total administrative$160,803
The Liberty Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$3,635
Median for plans this size$2,416
2024$3,635 per active participant
2023$3,518 per active participant
2022$3,688 per active participant

Liberty Federal Credit Union's 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
CMFG LIFE INSURANCE COMPANY · Recordkeeping · Pension consulting$117,224
MEMBERS CAPITAL ADVISORS, INC. · Investment advisory (plan)$43,579

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024TruStage (CUNA Mutual)
2023TruStage (CUNA Mutual)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$160,803 · 0.35%
2023$129,409 · 0.34%
2022$113,237 · 0.31%
Same employer
Similar plansFinance & Insurance · Indiana
Star Financial Group, Inc. IN$58.8M · 0.03%
Shepherd Insurance, LLC IN$55.7M · 0.30%
Pedcor Management Corp. IN$49.8M · 0.33%
Gregory & Appel Inc. IN$49.7M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 350885388 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.